{"id":10955,"date":"2026-04-08T04:11:07","date_gmt":"2026-04-08T04:11:07","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-jumps-amid-peace-talks-risk-appetite-ignites-rally\/"},"modified":"2026-04-08T04:11:07","modified_gmt":"2026-04-08T04:11:07","slug":"bitcoin-price-jumps-amid-peace-talks-risk-appetite-ignites-rally","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-jumps-amid-peace-talks-risk-appetite-ignites-rally\/","title":{"rendered":"Bitcoin Price Jumps Amid Peace Talks, Risk Appetite Ignites Rally"},"content":{"rendered":"<p><em>Bitcoin price started a strong increase above the $70,000 zone. BTC is consolidating gains and might aim for more gains above the $71,500 zone.<\/em><\/p>\n<ul>\n<li>Bitcoin gained pace for a move above the $69,500 and $70,500 levels.<\/li>\n<li>The price is trading above $70,000 and the 100 hourly simple moving average.<\/li>\n<li>There was a break above a key declining channel with resistance at $68,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might extend gains if it stays above the $70,250 and $69,500 levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Rallies 5%<\/h2>\n<p>Bitcoin price managed to climb higher above the $68,800 resistance zone. BTC gained pace for a move above the $69,500 and $70,000 levels.<\/p>\n<p>Besides, there was a break above a key declining channel with resistance at $68,800 on the hourly chart of the BTC\/USD pair. The pair even rallied above the $72,000 level. A high was formed at $72,728, and the price started a downside correction. There was a move below the 23.6% Fib retracement level of the upward move from the $67,734 swing low to the $72,728 high.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-890908\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/04\/Bitcoin_5e848a.png?resize=1024%2C512\" alt=\"Bitcoin Price \" width=\"1024\" height=\"512\" \/><\/p>\n<p>Bitcoin is now trading above $70,500 and the 100 hourly simple moving average. If the price remains stable above $70,500, it could attempt a fresh increase. Immediate resistance is near the $72,000 level. The first key resistance is near the $72,750 level. A close above the $72,750 resistance might send the price further higher. In the stated case, the price could rise and test the $73,500 resistance. Any more gains might send the price toward the $74,000 level. The next barrier for the bulls could be $75,000.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $72,750 resistance zone, it could start another decline. Immediate support is near the $70,800 level. The first major support is near the $70,250 level or the 50% Fib retracement level of the upward move from the $67,734 swing low to the $72,728 high.<\/p>\n<p>The next support is now near the $69,500 zone. Any more losses might send the price toward the $68,800 support in the near term. The main support now sits at $67,500, below which BTC might struggle to recover in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 60 level.<\/p>\n<p>Major Support Levels \u2013 $70,800, followed by $70,250.<\/p>\n<p>Major Resistance Levels \u2013 $72,000 and $72,750.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a strong increase above the $70,000 zone. BTC is consolidating gains and might aim for more gains above the $71,500 zone. Bitcoin gained pace for a move above the $69,500 and $70,500 levels. The price is trading above $70,000 and the 100 hourly simple moving average. There was a break above a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":10956,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-10955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt","tag-xbtusd"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/10955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=10955"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/10955\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/10956"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=10955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=10955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=10955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}